Veterinary Generics Market was Valued at US$ 19.2 Bn in 2018Posted by venkatakiran on November 11th, 2019 Global Veterinary Generics Market was Valued at US$ 19.2 Bn in 2018, Owing to Increasing Demand for Parasiticides Drugs for the Treatment of Livestock Analyst Speak:
“The Global Veterinary Generics Market was valued at US$ 19.2 Mn in 2018 and is expected to grow at a significant CAGR over six years forecast period 2019-2025 owing to increasing demand for parasiticides drugs for the treatment of livestock” Precision Business Insights (PBI) in its report titled “Global Veterinary Generics Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2018 and Forecast 2019-2025” assesses the market performance over six years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. The global veterinary generics market was valued at US$ 19.2 Mn in 2018 and growing at a CAGR of 5.9% over the forecast period owing to the increasing prevalence and incidence of various diseases in animals such as chronic cancer pain, inflammation, osteoarthritis etc. are expected to drive the growth of the market over the forecast years. The cost of the drugs lessen once the patent of the product is expired, hence generic drugs in the market creates huge demand coupled with increasing number of animal lovers in both developed and developing countries. Reduced cost of treatments with generic drugs is anticipated to fuel the growth of the market over the forecast years. Moreover, government support and favorable regulatory coupled with rise in the number of farm animal and poultry industry around the globe is expected to boost the growth of the market. However, competition among the generic marketers and OTC drugs are hampering the growth of the market. Global veterinary generics market segmented on the basis of product type, animal type, route of administration, distribution channel, and region. For More Information: https://www.precisionbusinessinsights.com/market-reports/global-veterinary-generics-market/ About Us: Precision Business Insights is one of the leading market research and management consulting firm, run by a group of seasoned and highly dynamic market research professionals with a strong zeal to offer high-quality insights. Contact Us: Shreya Paul Senior Business Development Executive Email @ shreya@precisionbusinessinsights.com Call @ +1-866-598-1553 Precision Business Insights Toll Free (US): +1-866-598-1553 Like it? Share it! More by this author |